Getty Realty Corp (GTY) 10-K Annual Report March 2015

“For the second consecutive year, we made progress on our ongoing transformation. This was evidenced by our solid Adjusted Funds from Operations per share growth, excluding payments from the Lukoil Settlement” stated David B. Driscoll, Getty’s Chief Executive Officer. “We remained disciplined and judicious in our acquisition approach, which combined with the continued optimization of the portfolio resulted in improved performance throughout the year. We have also aggressively reduced operating costs over the past few years and together all of these efforts are driving additional cash flow. As we move into 2015, we are excited to have positioned the Company to outperform. Additionally, we have a robust pipeline of opportunities that we believe could contribute to our growth.”

Financial Results:

The Company’s net income, funds from operations (“FFO”) and adjusted funds from operations (“AFFO”) for the year ended December 31, 2013 included payments from the settlement of a litigation brought by Getty Petroleum Marketing, Inc. (“Marketing”) against Lukoil (the “Lukoil Settlement”) of approximately $23.7 million, or $0.71 per share. In addition, the Company’s net income for the year ended December 31, 2013 included significant gains on dispositions of real estate. For these reasons, comparisons of the Company’s performance for the years ended December 31, 2014 and 2013 are less meaningful.

Net Earnings:

The Company reported a net loss for the quarter ended December 31, 2014 of $3.1 million, or $0.10 per share, as compared to net earnings of $5.0 million, or $0.15 per share, for the quarter ended December 31, 2013. The results for the quarter ended

The following information was filed by Getty Realty Corp (GTY) on Wednesday, March 4, 2015 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Material Contracts, Statements, Certifications & more

Getty Realty Corp provided additional information to their SEC Filing as exhibits

Exhibit 10.18: Material Contract

Exhibit 14: Code Of Ethics

Exhibit 21: Subsidaries Of The Registrant

Exhibit 23: Consents Of Experts And Counsel

Exhibit 31.I.1: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 31.I.2: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 32.1: Section 1350 Certification

Exhibit 32.2: Section 1350 Certification

Ticker: GTY
CIK: 1052752
Form Type: 10-K Annual Report
Accession Number: 0001193125-15-091555
Submitted to the SEC: Fri Mar 13 2015 6:47:36 PM EST
Accepted by the SEC: Mon Mar 16 2015
Period: Wednesday, December 31, 2014
Industry: Real Estate